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Jim Grant: The Trouble With Modern Monetary Theory
FYI: Modern monetary theory is not so theoretical anymore. In all but name, it’s the description of Republican fiscal policy in this living moment. “Federal Borrowing Soars as Deficit Fear Fades,” said the headline on page one of Tuesday’s Wall Street Journal. For the second year in a row, the Trump administration is spending $1 trillion more than the government expects to extract from the taxpayers. Regards, Ted https://www.barrons.com/articles/jim-grant-the-trouble-with-modern-monetary-theory-51564740001?mod=djem_b_Weekly Feed for Barrons Magazine
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